In-Kind Benefits. All in-kind benefits provided under this Agreement that constitute deferred compensation within the meaning of Section 409A of the Code shall be made or provided in accordance with the requirements of Section 409A of the Code, including, without limitation, that (i) the amount of in-kind benefits that the Company is obligated to pay or provide in any given calendar year shall not affect the in-kind benefits that the Company is obligated to pay or provide in any other calendar year, (ii) the Executive’s right to have the Company pay or provide such in-kind benefits may not be liquidated or exchanged for any other benefit, and (iii) in no event shall the Company’s obligations to make such reimbursements or to provide such in-kind benefits apply later than the Executive’s remaining lifetime (or if longer, through the twentieth (20th) anniversary of the Effective Date).
In-Kind Benefits. Executive will also receive:
(i) If Executive (or any individual receiving group health plan benefits through Executive) is eligible under applicable law to continue participation in Employer’s group health plan following the Date of Termination elects to continue these benefits, Employer will, for a period of up to seventeen (17) months commencing as of the Date of Termination, continue to pay Employer’s share of the cost of these benefits as if Executive remained continuously employed with Employer throughout such period, but only while Executive or such other individual continues to pay the balance of such cost and Executive or the person who elected continuation coverage is not eligible for coverage under any other employer’s group health plan;
(ii) All reasonable expenses of a reputable outplacement organization selected by Executive, but not to exceed twelve thousand dollars ($12,000.00) in the aggregate, that are incurred during the one (1) year period commencing as of the Date of Termination, by direct payment to providers or by reimbursement to Executive. Payment or reimbursement will be made by the end of the calendar year following the calendar year in which the expense is incurred; provided, however, that Executive must request reimbursement at least thirty (30) days prior to the end of that calendar year;
(iii) Except as otherwise provided in Section 6.2(a), and subject to any plan or program adopted by Employer after the date hereof, a lump sum payment on the six (6) month anniversary of the date of Executive’s “separation from service,” as defined in Code Section 409A (or Executive’s death, if earlier) (A) in the amount that is necessary to acquire for, and obtain full title issued in the name of, Executive the personal automobile leased by Employer for Executive under its Executive Automobile Program, or (B) if Executive does not have use of a personal automobile under the Executive Automobile Program, but has been given an automobile allowance, in the amount equal to three (3) times the annual automobile allowance; and
(iv) Financial planning and tax preparation expenses, not to exceed in any calendar year the greater of (A) two thousand five hundred dollars ($2,500.00), or (B) such other value as the Board or its Compensation Committee may determine for Executive, incurred during the period commencing on the Date of Termination and ending seventeen (17) months following the Date of Termination, and except as otherwise provided in Section ...
In-Kind Benefits. Any reimbursements or in-kind benefits shall be made or provided in accordance with the requirements of Code Section 409A, including, where applicable, the requirement that: (i) any reimbursement is for expenses incurred during the period of time specified in accordance with the Agreement, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year, (iii) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred, and (iv) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit.
In-Kind Benefits. Notwithstanding any other provision of this Agreement to the contrary, in the event, and to the extent that, the provision or reimbursement of costs incurred in connection with any post-termination welfare benefits provided under this Agreement results in the deferral of compensation within the meaning of Section 409A because the benefits are outside the scope of Section 1.409A-1(b)(9)(v) of the Treasury Regulations and result in the deferral of compensation within the meaning of Section 409A, then the reimbursement or provision of such benefits shall be subject to the requirements of Section 1.409A-3(i)(1)(iv) of the Treasury Regulations, and (1) reimbursements or benefits shall be provided only during the applicable period specified in the Agreement, (2) the amount of expenses eligible for reimbursement or the benefits provided in kind during a particular calendar year shall not affect the expenses eligible for reimbursement or the in kind benefits to be provided in any other calendar year, (3) the reimbursement of any eligible expense shall be made on or before December 31 of the year following the year in which the expense was incurred provided reasonable documentation of such expense is submitted to the Company within ninety (90) days after the date any such expense was incurred, and (4) Executive’s right to reimbursement or the provision of in-kind benefits shall not be subject to liquidation or exchange for another benefit.
In-Kind Benefits. All in-kind benefits provided and expenses eligible for reimbursement under this Agreement shall be provided by the Company or incurred by the Executive during the time periods set forth in this Agreement. All reimbursements shall be paid as soon as administratively practicable, but in any event shall be paid within 30 days of the date that Executive's expense report is submitted. The amount of in-kind benefits provided or reimbursable expenses incurred in one taxable year shall not affect the in-kind benefits to be provided or the expenses eligible for reimbursement in any other taxable year (except for any lifetime or other aggregate limitation applicable to medical expenses). Such right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit.
In-Kind Benefits. Notwithstanding any other terms of this Agreement, if during the Coverage Period the Executive becomes entitled to receive benefits and the Company is unable to provide such benefits to the Executive at substantially the same cost it would incur were the Executive still employed by the Company (the “Benefit Cost”), the Company shall have the rights to pay the Executive the Benefit Cost of such benefits in lieu of providing such benefits to the Executive.
In-Kind Benefits. All reimbursements of costs and expenses under this Agreement shall be made to you no sooner than the date the underlying expense is incurred and no later than December 31 of the year following the year during which you incurred the applicable cost or expense. Any amount of expenses eligible for reimbursement, or in-kind benefit provided, during a calendar year shall not affect the amount of expenses eligible for reimbursement, or in-kind benefit to be provided, during any other calendar year. The right to any reimbursement or in-kind benefit pursuant to this Agreement shall not be subject to liquidation or exchange for any other benefit.”
In-Kind Benefits. The benefits provided pursuant to Paragraphs 3 through 6 above in any one taxable year shall not affect the benefits provided in any other taxable year. The benefits provided herein are not subject to liquidation rights nor can they be exchanged for any other benefit.
In-Kind Benefits. Notwithstanding anything in this Agreement to the contrary, in no event shall the provision of in-kind benefits pursuant to this Section 3 during any taxable year of Xxxxx affect the provision of in-kind benefits pursuant to this Section 3 in any other taxable year of Xxxxx.
In-Kind Benefits a. City will be fiscally responsible for the ongoing custody and protection of City’s public art collection, including: (1) maintaining reasonable public art insurance coverage; (2) ensuring the structural integrity of permanently sited artwork; (3) providing storage space for public art sculptures and monuments as needed; (4) maintaining a public art storeroom and preparator’s space within the Portland Building for the City’s portable works and Visual Chronicles of Portland collections; and (5) the ongoing physical maintenance of the Art Installation Space and gallery spaces in the Portland Building.
b. RACC may use the City’s Centrex phone system, provided RACC is billed and pays for its use.
c. RACC may use available City-owned meeting space at no cost during normal business hours for official RACC business.
